In the last trading day for this week, and before the long weekend, which the U.S will celebrate its Independence Day amidst this recession, stocks sank and indices was painted in RED therefore sending the S&P 500 to its third consecutive week drop. Whereas the jobless report, which came in shockingly opposite of markets expectations, rose in the month of June to 467 thousand.

Unemployment Rate inclined in the U.S to a 26 year high settling at 9.5 percent and is expected to rise further, therefore covering investor’s dreams of near recovery.

The dollar gained against majors, thus commodities dropped and Treasuries rose throughout today’s trading session, as for indices their performance came as follows:

The Dow Jones Industrial Average index shed 212.82 points or 2.50% to close at 8291.24 levels, the index reached the highest point at 8503.23 and the lowest point at 8283.46, By closing all index 30 shares declined and NON inclined.

the index shed points due to IBM share as it declined $2.83 or 2.70% to cut 21.39 points from the index as it closed at $102.01, then came Exxon Mobil Corp as it dropped $2.16 or 3.06% costing the index 16.32 points and closing at $68.40, finally Chevron Corp share declined $2.02 or 3.04% subtracting 15.27 points from the index and closing at $64.50.

The Standard & Poor’s 500 Index lost 26.14 points or 2.83% to close at 897.19 levels, the index reached the highest point at 921.24 and the lowest point at 897.11, By closing 18 shares inclined while 480 shares declined and 2 shares remained unchanged.

The index added and slashed points based on the performance of the upcoming stocks; the index shed points due to Exxon Mobil Corp share as it declined $2.16 or 3.06% to cut 1.20 points from the index as it closed at $68.40, then came Microsoft Corp as it dropped $0.67 or 2.79% costing the index 0.58 points and closing at $23.37, finally JPMorgan Chase share declined $1.17 or 3.46% subtracting 0.52 points from the index and closing at $32.60.

On the contrary the stocks adding the most points to the index were M&T Bank Corp stock as it inclined $2.08 or 4.07% to add 0.019 points and close at $53.24, then came Varian Medical share as it inclined $0.99 or 3.28% adding to the index 0.014 points and close at $33.95, finally the General Mills Inc share inclined $0.32 or 0.55% providing the index with 0.012 points as it closed at $58.50.

The NASDAQ Composite Index declined 49.20 points or 2.67% to close at 1796.52 levels, the index reached the highest point at 1823.91 and the lowest point at 1795.95, By closing 446 shares inclined while 2101 shares declined and 286 shares remained unchanged.

The index added and slashed points based on the performance of the upcoming stocks; the index shed points due to Microsoft Corp share as it declined $0.67 or 2.79% to cut 3.99 points from the index as it closed at $23.37, then came Oracle Corp as it dropped $0.70 or 3.22% costing the index 2.33 points and closing at $21.04, finally Google Inc share declined $10.50 or 2.51% subtracting 1.69 points from the index and closing at $408.49.

On the contrary the stocks adding the most points to the index were Lam Research Microsoft Corp Inc stock as it inclined $0.60 or 2.28% to add 0.05 points and close at $26.95, then came Symantec Corp share as it inclined $0.07 or 0.45% adding to the index 0.04 points and close at $15.70, finally Linear Tech Corp share inclined $0.22 or 0.94% providing the index with 0.03 points as it closed at $23.60.